An insured who has coverage for all his personal property has his TV stolen from the shop of the repairman. The owner of the repair shop filed a claim under the insured's policy, but it paid nothing to the owner of the store. Which provision does the policy have?

No benefit to bailee clause

Explanation:

The no benefit to bailee clause is a type of policy that prevent a person in possession of another person property from benefiting from the insurance the owner has on the property with the insurance company. Which was the reason the owner of the repair shop paid nothing to the owner of the TV because the property was not in the possession of the owner at that particular time and the owner of the repair shop does not own the TV so he can't benefit from any insurance because he is not the policy holder even though the TV was in his custody .

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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